Wall Street Beat: Mixed tech earnings earn tepid reaction

20.04.2012

--Yahoo, which Tuesday also beat analyst forecasts , up 28 percent year over year, on revenue of $1.2 billion, up 1 percent.

Though the market reaction to the mixed tech results this week was tepid, there still appears to be underlying confidence in the sector. Despite Friday's declines, computer stocks on the Nasdaq are still up about 19 percent for the year, the biggest gain for any major industrial sector on the major U.S. exchanges and indexes.

Earnings season is not over, however. Among the high-profile tech vendors reporting next week will be the closely-watched Apple, the most valuable company on the planet in terms of market capitalization.